Goldman is reportedly leading in the race with Morgan Stanley to acquire largest share of Huarong's stock sale.
Corporations
Itau to contest USD8 billion tax charges
Itau Unibanco Holding SA will contest tax charges amounting to BRL18.7 billion (USD7.9 billion). Latin America's largest bank in terms of market value, Itau Unibanco Holding SA received tax charges amounting to BRL18.
Commerzbank taps Giesbert in fixed income & currencies and trading arms merge
The bank recently assigned Nikolaus Giesbert to head the newly merged fixed income and currencies sales and trading arms division.
Porsche continues to face legal battle against hedge fun cartel claims
Porsche faces court battles with investors over volkswagen AG. Porsche SE continues to face new legal battles against investors over their aborted purchase of Volkswagen AG.
Coca Cola launches new healthy drink in Thailand
Coca Cola introduces Huba, its new herbal tea drink, in its Thailand market. Coca Cola initially launched in Thailand its new herbal tea drink, Habu.
Latest News
Swire Pacific chairman Christopher Pratt, retires and is replaced former Cathay Pacific chief executive officer.
ParknShop, the biggest supermarket chain in China received bids from companies such as Woolworths, KKR and other investors.
The venture firm hires Todd Papaoiannou as its Entrepreneur in Residence. An infrastructure venture hedge fund focused on early stage Big Data developments had recently announced that it had appointed Dr.
Marriott planned to sell its three Edition hotels in London, South Florida and Manhattan upon completion of their construction.
The US Securities and Exchange Commission approved the takeover by IntercontinentalExchange of NYSE Euronext.
Sources told Reuters BaFin gave investors interested in buying BHF-Bank until the end of August to give the information it needs to approve the sale or not.
Game titles from EA are bundled together to raise money for the company's favorite charities. In order to raise money for its charities, Electronics Arts have offered to the market the Humble Origin Bundle.
Markel Ventures Inc bought Eagle Construction for an undisclosed amount. Virginia-based Markel Ventures bought Eagle Construction, a home builder also based in Virginia.
Michael Faber, the CEO of investment firm NextPoint Management Company, was appointed as a member of the board of CPI Aerostructures.
